Walt Disney Co (NYSE:DIS) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its stake in Walt Disney Co (NYSE:DIS) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,839 shares of the entertainment giant’s stock after selling 16,126 shares during the period. Cullen Frost Bankers Inc.’s holdings in Walt Disney were worth $27,766,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Glenview State Bank Trust DEPT. lifted its stake in Walt Disney by 0.5% in the 2nd quarter. Glenview State Bank Trust DEPT. now owns 15,057 shares of the entertainment giant’s stock valued at $2,103,000 after acquiring an additional 70 shares in the last quarter. Aft Forsyth & Company Inc. grew its position in Walt Disney by 0.9% in the second quarter. Aft Forsyth & Company Inc. now owns 7,705 shares of the entertainment giant’s stock valued at $1,076,000 after purchasing an additional 70 shares in the last quarter. Altfest L J & Co. Inc. increased its stake in Walt Disney by 0.5% in the 2nd quarter. Altfest L J & Co. Inc. now owns 13,978 shares of the entertainment giant’s stock valued at $1,952,000 after buying an additional 74 shares during the last quarter. Botty Investors LLC lifted its position in Walt Disney by 4.8% during the 2nd quarter. Botty Investors LLC now owns 1,650 shares of the entertainment giant’s stock worth $230,000 after buying an additional 75 shares in the last quarter. Finally, Wealthquest Corp boosted its stake in shares of Walt Disney by 1.6% during the 2nd quarter. Wealthquest Corp now owns 4,772 shares of the entertainment giant’s stock worth $666,000 after buying an additional 76 shares during the last quarter. Institutional investors own 68.75% of the company’s stock.

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In related news, EVP Zenia B. Mucha sold 49,561 shares of Walt Disney stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total transaction of $6,938,540.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 2,200 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $146.68, for a total value of $322,696.00. Following the transaction, the executive vice president now owns 34,679 shares in the company, valued at $5,086,715.72. The disclosure for this sale can be found here. Insiders have sold a total of 154,423 shares of company stock worth $21,761,755 in the last quarter. 0.36% of the stock is owned by corporate insiders.

Shares of DIS opened at $136.19 on Thursday. The stock has a fifty day moving average of $138.14 and a 200-day moving average of $131.63. The stock has a market capitalization of $250.09 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 4.59 and a beta of 0.97. Walt Disney Co has a 52 week low of $100.35 and a 52 week high of $147.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The company had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $21.40 billion. During the same period in the prior year, the business earned $1.87 earnings per share. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, equities analysts forecast that Walt Disney Co will post 6 EPS for the current year.

Several analysts recently issued reports on DIS shares. Credit Suisse Group reiterated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a report on Thursday, August 8th. Morgan Stanley set a $160.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a report on Friday, August 2nd. Bank of America set a $168.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research report on Monday, June 24th. Imperial Capital reduced their price target on Walt Disney from $147.00 to $140.00 and set an “in-line” rating for the company in a report on Tuesday, August 20th. Finally, Zacks Investment Research raised shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price objective for the company in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $148.22.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.